WV SB876

Eliminates 19 specific reporting requirements for the West Virginia Tax Commissioner, including reports on various tax credits such as the Economic Opportunity Tax Credit, Manufacturing Investment Tax Credit, High Growth Business Investment Tax Credit, and Coal Severance Tax Rebate

Reporting requirements are terminated for any period on or after January 1, 2025, with the bill taking effect July 9, 2025 (90 days from passage on April 10, 2025)

Legislature justifies the elimination by stating these reports have become "redundant, inefficient," are "rarely used by lawmakers," and represent a "wasteful expenditure of time, taxpayer funds, and personnel"

Tax Commissioner retains authority to voluntarily provide information and must still file the biennial report required under §11-1-4 and tax expenditure reports under §11-10-5s

Affected reports cover tax credit programs related to manufacturing, mining safety, farm-to-food bank donations, volunteer firefighters, natural gas investments, and property tax adjustments